I have $6 in my pocket does that count....Wait I have some "Change" too.
I have $6 in my pocket does that count....Wait I have some "Change" too.
Speaking of Greek bailouts, anybody else going to the Greek Festival this weekend? I went last year and damn, the effin food was awesome!
Whoops, sorry. Didn't mean to try a derail
In the short term that is correct. However assuming the SHTF isn't deep, long (or possibly permanent) converting your paper to gold NOW will mean that you'll have that stored wealth on the other side of the dark times.
If they are deep, long or permanent I probably won't survive them anyway so it won't matter.
Modern liberalism is based on the idea that reality is obligated to conform to one's beliefs because; "I have the right to believe whatever I want".
"Everything the State says is a lie, and everything it has it has stolen.
-Friedrich Nietzsche
"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people."
-Penn Jillette
A World Without Guns <- Great Read!
Only if you were fortunate to see this series.. In one episode they located some water and the 'owners" of said water asked what they wanted. Asking for some water owners want to know what it is worth to them?
DB holds up 3-4 rounds of ammo and ask if this will work. They cheerfully accepted the ammo for water.
http://en.wikipedia.org/wiki/Harsh_Realm
The Great Kazoo's Feedback
"when you're happy you enjoy the melody but, when you're broken you understand the lyrics".
Greece will have a vote on this Sunday. Let see which party will dominate the seat. CNBC Europe still thinks Greeks will exit the Eurozone within 3 years.
Spain just had a "loan"
Italy is another/different issue.
This week's gain was most likely from short sqeeze.
My plan is to go "long" after Sunday's news on Greece for < year.
It is matter of which poison they gotta take.
Greece has to pick their poison and move on.
Dragging will definitely isn't helping the global economy, but that is they will probably do.
JUst watched Fixed income analysts and economist blabbering Greece/ECB/Eurozone on CNBC, but it was all stuff we already know about.....
I've said something very similar to this here or elsewhere.
The Germans will want something in return for their largess, what do you think that might be. Anyone, anyone, Bueller, anyone?
I actually don't know if the Germans want the entire continent again, but they'll want something.
another failed experiment on sharing wealth...
The $20 bill you have in your pocket today is worth less than it was yesterday.
Is the administration running Quantitative Easing 3 now?
Okay..... so, who is shorting euros right now?